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Friday, September 25, 2015

SINGAPORE shares opened 0.7 per cent lower as at 9.03 am on Friday,
with the Straits Times Index down 19.5 points to 2,826.24 after US
Federal Reserve chairwoman Janet Yellen said in overnight remarks that
she was personally supportive of a rate hike this year.

The banks weighed on the index, with DBS Group Holdings down by 1.5
per cent or 25 Singapore cents to change hands at S$16.65 as at 9.03 am.
OCBC Bank slipped 0.3 per cent or three Singapore cents to trade at
S$8.88, while United Overseas Bank eased by 0.7 per cent or 14 Singapore
cents to cross at S$18.83.

About 85.1 million shares worth S$98 million in total changed hands.

Medtecs International was among the most active right out of the
gate, jumping 15.1 per cent or 0.8 Singapore cent to trade at 6.1
Singapore cents with 5.9 million shares changing hands.

Losers outnumbered gainers 82 to 70, or about seven down for every six up.

Thursday, September 24, 2015

THE Straits Times Index (STI) on Wednesday was
hit by a combination of factors - a 2.2 per cent loss in the Shanghai
Composite after news that China's purchasing managers' index (PMI) has
slumped to a six-year low, a 2.3 per cent fall in Hong Kong's Hang Seng
Index and perhaps most relevantly.

Wednesday, September 23, 2015

Citing "prevailing market sentiment" and a "strong pipeline" for the
residential segment there, the firm announced on Tuesday that it now
intends to turn its long-delayed mega Vantage Bay project in Johor into a
cluster of healthcare-related facilities with an expected total development value of RM5 billion (S$1.6 billion).

This figure is slightly less than the previous RM5.5 billion estimate
for Rowsley's original plan for the 9.23 ha Vantage Bay, which was to
have been an integrated development comprising a 75-storey condominium, a
mall, office blocks and a hotel.

YuuZoo Corporation: The e-commerce company is appointing James Sundram as chief executive officer, starting Oct 1.

Tuesday, September 22, 2015

THE usual suspects were strikingly missing
from the line-up of local index movers after a significant change to the
Straits Times Index (STI) basket took effect on Monday, but the
market's attention was already elsewhere.

SINGAPORE share prices opened higher on Tuesday with the Straits
Times Index (STI) up 11.13 points or 0.39 per cent to 2,893.40 at 9am.

This followed the Dow and S&P 500 which rallied on Monday,
recovering some of the prior session's losses. Gains were minimal on the
tech-rich Nasdaq, however, due to weakness among biotech shares.

The Dow Jones Industrial Average shot up 125.61 points (0.77 per
cent) to 16,510.19. The broad-based S&P 500 rose 8.94 points (0.46
per cent) to 1,966.97, while the Nasdaq Composite Index edged up 1.73
points (0.04 per cent) to 4,828.95.

In Asia, financial markets in Japan are closed from Monday to Wednesday for a public holiday.

Monday, September 21, 2015

Sembcorp Industries: The group on Monday said its subsidiary Sembcorp Environment has agreed to divest its 40 per cent stake in SembSita Pacific to 60 per cent joint venture partner Suez Environnement Asia for A$485 million (S$488 million). This will be settled in cash.\

Separately, on Friday, Sembcorp also said it has tied up with the
Singapore Economic Development Board to be the country's first
industrial "living laboratory". This means Sembcorp will grant
technology providers access to its proprietary wastewater-treatment and
waste-to-energy facilities on Jurong Island for late-stage test-bedding
and co-innovation of water and environmental technologies.

Singapore real estate investment trusts (S-Reits):
The FTSE ST Reits Index rose as much as 2.5 per cent on Friday, before
ending at 694.15, up 0.5 per cent. This outdid the Straits Times Index,
which fell 0.6 per cent to 2,879.59. This came after the US Federal
Reserve kept interest rates unchanged.

Reits are rate-sensitive vehicles whose prices tend to move inversely
to interest rates, but analysts advised investors against getting
carried away, and remained doubtful that the near-term liquidity rush
into the sector will revive its index back to the over-770 level that it
was at in late July.

SINGAPORE share prices opened lower on Monday with the Straits Times
Index (STI) down 21.85 points or 0.76 per cent to 2,857.74 at 9.01am.

This followed US stocks, which fell sharply on Friday in the wake of
the Federal Reserve's decision against raising interest rates because of
worries about slowing global economic growth. The US central bank's
failure to act, despite previously suggesting a rate hike was imminent,
also left investors uncertain of the outlook for US monetary policy.

According to AFP, the Dow Jones Industrial Average dropped 289.95
(1.74 per cent) to 16,384.79. The broad-based S&P 500 sank 32.11
(1.61 per cent) to 1,958.09, while the tech-rich Nasdaq Composite Index
lost 66.72 (1.36 per cent) at 4,827.23.

In Asia, financial markets in Japan are closed from Monday to Wednesday for a public holiday.